(a) | Other cost of goods sold includes amortization of acquired inventory fair value adjustments. |
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(b) | Restructuring and other related items include asset impairment charges, employee severance costs,
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(c) | Relates to a settlement of a contractual dispute. |
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(d) | Other operating expenses include acquisition related costs. |
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(e) | Debt issuance related costs and other includes the partial term loan repayment and bridge financing, and
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(f) | Other income tax effects and adjustments relate to tax provision based on a non-GAAP income tax rate of
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(g) | Non-GAAP diluted weighted average shares differs from GAAP diluted weighted average shares due to the
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Marvell Technology, Inc. | |
Outlook for the Fourth Quarter of Fiscal Year 2023 | |
Reconciliations from GAAP to Non-GAAP (Unaudited) | |
(In millions, except per share amounts) | |
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| Outlook for Three Months Ended January 28, 2023 |
GAAP net revenue | $1,400 +/- 5% |
Special items: | — |
Non-GAAP net revenue | $1,400 +/- 5% |
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GAAP gross margin | 49.2% +/- 1% |
Special items: |
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Stock-based compensation | 0.7 % |
Amortization of acquired intangible assets | 13.2 % |
Other costs of goods sold | 0.9 % |
Non-GAAP gross margin | ~ 64.0% |
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Total GAAP operating expenses | ~ $646 |
Special items: |
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Stock-based compensation | 124 |
Amortization of acquired intangible assets | 88 |
Restructuring related charges | 2 |
Other operating expenses | 2 |
Total non-GAAP operating expenses | ~ $430 |
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GAAP diluted net income per share | $0.00 +/- $0.05 |
Special items: |
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Stock-based compensation | 0.16 |
Amortization of acquired intangible assets | 0.31 |
Other cost of goods sold | 0.02 |
Other income tax effects and adjustments | (0.03) |
| Non-GAAP diluted net income per share | $0.46 +/- $0.05 |
